Financial News: Page 310
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Lands' End CMO departs as company continues to shift focus
Steven Rado arrived shortly after the retailer’s spinoff from Sears and just before Federica Marchionni came on as CEO from Dolce & Gabbana.
By Daphne Howland • May 24, 2016 -
Foot Locker misses on Q1 forecasts as basketball shoe sales dip
Chairman/CEO Richard Johnson said Foot Locker is navigating “rapidly-shifting product category preferences by our customers.”
By Daphne Howland • May 23, 2016 -
Ross stock tumbles after analysts cut price targets
The analyst firms are troubled by Ross' silence on strategy after its revenue missed in the most recent quarter.
By Daphne Howland • May 23, 2016 -
Macy's CEO vows comeback in meeting with shareholders
Terry Lundgren said that he’s not worried about expectations that Amazon will surpass Macy’s as the country’s leading apparel retailer, maintaining he’s more focused on profits.
By Daphne Howland • May 23, 2016 -
Target testing future store concepts in 25 Los Angeles locations
The pilot spotlights improvements including new lighting and displays, specialists to aid customers in departments like beauty, and dedicated stations supporting click-and-collect services.
By Daphne Howland • May 20, 2016 -
L Brands taps former Spanx CEO to lead Victoria's Secret
When longtime Victoria’s Secret CEO Sharen Turney left abruptly in February, many wondered what would be next for the brand.
By Daphne Howland • May 20, 2016 -
Gap to close 75 Old Navy, Banana Republic stores
Credit rating firm Standard & Poor’s also downgraded the company’s stock to junk status Thursday.
By Daphne Howland • May 20, 2016 -
Apple shows off revamped store design under Jony Ive
The new stores under design chief Ive feature a huge video screen, "living wall," and an even more minimalist design.
By Daphne Howland • May 20, 2016 -
Deep Dive
Retail Therapy: Can Kanye West become 'the Michael Jackson of apparel'?
Kanye's latest retail idea: Partnering with Payless to make cheap shoes that solve bullying. That, and more, in this week's Retail Therapy.
By Kelsey Lindsey • May 19, 2016 -
Dick's adds to retailer woes with Q1 slide
The sporting goods retailer also warned of a bleak second quarter.
By Daphne Howland • May 19, 2016 -
Wal-Mart wows Wall Street by beating Q1 expectations
Cost-cutting and improvements to stores are paying off at Wal-Mart, which provided one of the few bright spots in retail sales numbers this week.
By Daphne Howland • May 19, 2016 -
L Brands tops forecasts, but shares fall on trimmed outlook
The company's mainstay Victoria's Secret brand has experienced a rocky year so far, including a massive organizational restructuring.
By Kelsey Lindsey • May 19, 2016 -
Urban Outfitters sees a much-needed lift in Q1
The retailer shrugged off signs of flagging apparel sales seen elsewhere in the industry, with shares rising 10% on the news.
By Daphne Howland • May 19, 2016 -
Target shares tank after mixed earnings
CEO Brian Cornell acknowledged that things won’t get easier in coming months as the company deals with "an increasingly volatile consumer environment."
By Daphne Howland • May 18, 2016 -
Amazon planning more physical stores, beefier Prime benefits
Amazon CEO Jeff Bezos took the stage at the retailer’s shareholder meeting where he hinted at the company’s future—without divulging many details.
By Daphne Howland • May 18, 2016 -
"Staples Store sign logo building facade, US Postal Service, Staples Home Office Supplies Strike Picket" by Mike Mozart is licensed under CC BY 2.0
Staples beats expectations as it pivots from failed merger
Cost-cutting and recovery in its commercial office supplies business helped lift Staples in the first quarter.
By Daphne Howland • May 18, 2016 -
UPDATE: Sports Authority to close all US stores after failing to find buyer
The company had around 14,500 employees working in its 450-plus stores at the time of its bankruptcy in March.
By Daphne Howland • May 18, 2016 -
Target poaches chief merchandising officer from Nordstrom
Under Mark Tritton, Nordstrom doubled its private-label business.
By Daphne Howland • May 18, 2016 -
Deep Dive
Was the FTC wrong to block the Staples-Office Depot merger? 8 experts weigh in
The FTC argued the combined company would be a monopolistic presence in the B2B office supplies market. Many retail experts disagree.
By Kelsey Lindsey • May 17, 2016 -
TJX avoids apparel retail woes, crushes expectations
The off-price leader continues to stand alone in the apparel retail space, seeing healthy traffic and sales whatever the weather.
By Daphne Howland • May 17, 2016 -
Office Depot CEO: 'Bold new action' needed after failed merger
The retailer detailed some of its options after its failed merger with rival Staples, including trimming its European operations and possible acquisitions.
By Daphne Howland • May 17, 2016 -
Home Depot beats expectations amid hot housing spending
The topsy-turvy weather that has hurt apparel retailers in the quarter is only helping the home improvement retailer.
By Daphne Howland • May 17, 2016 -
Ron Johnson's electronics marketplace Enjoy plots expansion into new US markets
The consumer electronics delivery and concierge startup will roll out in cities including Dallas, Houston and Miami over the next several months, Johnson said at the Shoptalk conference.
By Jason Ankeny • May 16, 2016 -
Report: Amazon expanding private-label brands to include food, diapers
Already doing well with its own tech accessories and other baby products, the e-retail giant is now moving into new categories.
By Daphne Howland • May 16, 2016 -
Nordstrom doubles down on cost-cutting following dismal earnings
Continued soft traffic and sales surprised the retailer as it looks to move apparel at top prices.
By Daphne Howland • May 16, 2016